Aadhar Verdict
Aadhar Verdict Today Supreme court pronounced a much-awaited verdict on AADHAR. Whether the Aadhar Scheme is constitutionally valid or not and does it infringe the fundamental right to privacy. The [Read More…]
Exchange Earners’ Foreign Currency Account
Exchange Earners’ Foreign Currency Account If you are a foreign exchange earner and also have payment liability in foreign exchange. In that case, you can open an Exchange Earners’ Foreign [Read More…]
Presumptive Taxation Scheme for Professionals
Presumptive Taxation Scheme for Professionals Relevant Section Section 44ADA (New section which was inserted by Finance Act,2016 and was effective from 1st April 2017) This section was introduced for [Read More…]
What is Nifty or Nifty 50?
What is Nifty or Nifty 50? Overview Nifty which is also called Nifty 50 an index tracking share prices of 50 well-established and financially sound companies listed on the National [Read More…]
What is Sensex or S&P BSE Sensex?
What is Sensex or S&P BSE Sensex? Overview In India, stock/share trading is carried out through two stock exchanges namely the Bombay Stock Exchange or “BSE” and National Stock Exchange [Read More…]
Presumptive taxation scheme under section 44AD
Presumptive taxation scheme under section 44AD Overview In order to provide relief to small assessees/businesses from the tedious work of maintaining books of account as per section 44AA and compliances of [Read More…]
Tax audit and consequences of non-compliance
Tax audit and consequences of non-compliance Who is subject to Tax Audit requirements mentioned in the Income-Tax Act? As per Section 44AB of the Income Tax Act, the following persons [Read More…]
Relationship between the Stock Market and Dollar/Rupee
Relationship between the Stock Market and Dollar/Rupee Over the past few days or months, equity markets, as well as the currency markets, are highly volatile. Stock markets moved up to [Read More…]
ICDS 1 Accounting Policies
ICDS 1 Accounting Policies Overview ICDS I relates to significant accounting policies to be followed by an enterprise. ICDS-I deals with the selection of accounting policies to be adopted by [Read More…]
Who can take benefit of the falling Rupee?
Who can take benefit of the falling Rupee? The rupee has started depreciating again. Today, Rupee was trading at another low of Rs 70.79 per dollar after touching the low [Read More…]
Rupee down again??
Rupee down again?? Today Rupee opened again at another lifetime low of Rs. 72.89. In last, 1-month rupee broke its support of Rs 70 and is depreciating almost every day. [Read More…]
Due date for GSTR-1 extended & waiver of late fees
Due date for GSTR-1 extended & waiver of late fees Based on the facts, the Government is of the view that the number of taxpayers filing GSTR -3B are way [Read More…]
How to e-verify the ITR?
How to e-verify the ITR? If you file your income tax return on time but do not e-verify within 120 days then the return filed becomes INVALID. Earlier there was [Read More…]